Glencore Share Price Edges Higher Amid Merger Speculation
Sydney, 9 January 2026 – Glencore PLC’s share price closed at 413.00 pence on 8 January 2026, reflecting a slight decline from the previous close of 422.80 pence. The stock traded within a daily range of 408.30 to 421.80 pence, while its 52-week range spans from 205.00 to 430.85 pence. Recent developments include confirmed preliminary merger talks with Rio Tinto, potentially creating the world’s largest miner.
Current Trading Status
As of the latest data, Glencore (LON: GLEN) is listed on the London Stock Exchange. The stock has shown volatility, with a year-to-date return of approximately 3.02% in 2026. Glencore employs around 158,000 people globally and operates in the basic materials sector, focusing on industrial metals and mining.
Key Facts and Statistics
| Metric | Value |
|---|---|
| Current Share Price (as of 8 Jan 2026) | 413.00 pence |
| Previous Close | 422.80 pence |
| Day Range | 408.30 – 421.80 pence |
| 52-Week Range | 205.00 – 430.85 pence |
| Market Capitalisation | Approximately £49.5 billion |
| Analyst Price Target (Average) | £436.72 |
| Upside Potential | +5.74% |
| Dividend Yield | 1.63% |
Analyst Recommendations
Analysts provide a buy rating for Glencore, with 13 recommending purchase and none suggesting a sell. The average 12-month price target is £436.72, ranging from a low of £320.64 to a high of £500.57. This indicates optimism about the company’s performance, particularly in copper and coal production.
Merger Talks with Rio Tinto
Glencore confirmed on 8 January 2026 that it is in preliminary discussions with Rio Tinto about a possible combination of some or all of their businesses. The potential all-share merger could create the world’s largest mining company, with a combined enterprise value exceeding US$260 billion. There is no certainty that these talks will result in a transaction, and Rio Tinto has until 5 February 2026 to decide on a takeover offer.
Frequently Asked Questions
What is the current Glencore share price?
As of 8 January 2026, the Glencore share price is 413.00 pence on the London Stock Exchange.
What stock exchange does Glencore trade on?
Glencore PLC trades on the London Stock Exchange under the symbol GLEN.
What is Glencore’s market capitalisation?
Glencore’s market capitalisation is approximately £49.5 billion.
Are there any recent analyst updates on Glencore?
Analysts maintain a buy rating with an average price target of £436.72, highlighting a +5.74% upside potential.